2018 Finance Innovation Award

STOCHAc Actuarial Modeling Platform

DISRUPTIVE ACTUARIAL SOLUTION

State-of-the-art Cloud Based Actuarial Modeling platform
The only Fully Modular Actuarial Solution
The Most Comprehensive Modeling Platform, C++, GPU Cuda, C#, R, Python..
The Fastest and Least Power Demanding Solution
Leading team of Proven Industry Experts by domain
Award Winning Actuarial Innovative Solution

INDIVIDUAL MODULES OFFERING

Individual Modules are also proposed as standalone tools or can be interfaced with existing solutions, such as:

STOCHAc ETL
A powerful drag & drop no-code data transformation and aggregation system that fulfills the needs of Solvency II & IFRS 17.

STOCHAc Auditor
The most secured and extensive blockchain based Audit Trail, which uses 256 Bits encryption, used by the US National Security Agency.

Flexible A la carte modeling

STOCHAc is the ideal mean to manage any model(s) currently running outside of core system(s) or not performing as intended in existing solutions, such as Stochastic & Nested Stochastic modeling. It offers the possibility to gradually migrate models, with minimal disruptions.This gradual approach also drastically mitigates the risks typically linked with overall systems replacements

TECHNOLOGICAL EDGE

With STOCHAc, insurers will be able to achieve the most demanding requirements with a degree of Speed, Precision and Flexibility never reached before, giving them an unparalleled advantage over the competition.

Insurance companies and financial institutions worldwide call for sophisticated modeling software for products pricing, capital and risk management and increasingly demanding regulatory and financial reporting requirements, for instance: Solvency II (EU), Principle Base Reserving (US), and IFRS 17 (EU and International) …

These entail exceedingly demanding calculations speed and high accuracy. And as such, precludes the use of traditional methods, such as “Data Compression” which utilizes a sampling, and instead forces calculations at a policy level.

Furthermore, most new regulatory bodies, call for highly elevated and complex internal controls which can only be secured by an end to end platform, with a sophisticated set of tools and powerful audit trails.

All these daunting requirements are precisely why we developed a Truly Unique Solution from the ground-up to address the multiple challenges faced by Insurers and Financial institutions globally.

“There is simply not enough actuarial bandwidth and expertise to handle all of the required work. Outdated legacy systems are prevalent and driving the need for actuarial transformation”

E&Y A.M.S Business Case & Leading Practices

“Only with a truly integrated solution that connects the data, systems and process environment between Finance and Actuarial will insurers be able to meet the new regulatory and accounting reporting challenges of the future.”

E&Y Impact of IFRS 17